My Tradewinds

Lines offer backing to IMO 2020 rules at Hansa Forum

Hardly a bad word was spoken about the 2020 legislation at the Hansa Forum in Hamburg, but few went as far with their praise as Clarksons Platou Securities chief executive Erik Helberg.

“It’s fantastic," he said. "It’s the best trick in the industry of this century.”

More expensive fuel means ships will slow down. There will be reduced supply. And shippers will push business forward to 2019 to take advantage of cheaper fuel, he said.

That positive message was echoed by many at last week's meeting, which took place at the Sofitel Hotel under the topic, Strategies for 2020 and Beyond.

Hapag-Lloyd chief operating officer Anthony Firmin said liner operators were in favour of the legislation.

The fact that sulphur legislation would cost a lot of money — up to $15bn for the liner sector — was a good thing.

“If it was only going to cost $100m or $200m, we’d probably squabble over who’s paying for it," Firmin said. "But because it’s going to cost a substantial amount of money, there’s no way you cannot pass it down the supply chain.”

Lines offer backing to IMO 2020 rules at Hansa Forum

Lines offer backing to IMO 2020 rules at Hansa Forum

Hardly a bad word was spoken about the 2020 legislation at the Hansa Forum in Hamburg, but few went as far with their praise as Clarksons Platou Securities chief executive Erik Helberg.

“It’s fantastic," he said. "It’s the best trick in the industry of this century.”

More expensive fuel means ships will slow down. There will be reduced supply. And shippers will push business forward to 2019 to take advantage of cheaper fuel, he said.

That positive message was echoed by many at last week's meeting, which took place at the Sofitel Hotel under the topic, Strategies for 2020 and Beyond.

Hapag-Lloyd chief operating officer Anthony Firmin said liner operators were in favour of the legislation.

The fact that sulphur legislation would cost a lot of money — up to $15bn for the liner sector — was a good thing.

“If it was only going to cost $100m or $200m, we’d probably squabble over who’s paying for it," Firmin said. "But because it’s going to cost a substantial amount of money, there’s no way you cannot pass it down the supply chain.”

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